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Credit risk exposure and allowances

12 Months Ended

Dec. 31, 2022

Disclosure of impairment loss and reversal of impairment loss [abstract]

Credit risk exposure and allowances

8. Credit risk exposure and allowances

The table below sets forth the changes during 2022 and 2021 in the credit risk exposure and the impairment allowances booked under IFRS 9 in the consolidated statement of financial position or reversal of estimated impairment of financial assets at amortized cost, financial assets at fair value through other comprehensive income, loan commitments and financial guarantees:

December 31, 2022

CREDIT RISK EXPOSURE - FINANCIAL ASSETS (1)		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2021			1,455,902,844				234,281,488				9,888,917				12,834,257				5,906,267				1,718,813,773
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(151,303,035	)			154,848,316				848				—				—				3,546,129
Transfers from Stage 2 to Stage 1			116,216,684				(110,975,519	)			(134,290	)			—				—				5,106,875
Transfers from Stage 1 or 2 to Stage 3			(3,001,415	)			(17,006,213	)			(583,205	)			19,907,890				596,955				(85,988	)
Transfers from Stage 3 to Stage 1 or 2			671,480				1,548,859				304,202				(3,029,020	)			(324,949	)			(829,428	)
Changes without transfers between Stages			196,195,650				65,845,780				(4,334,618	)			(1,912,889	)			211,594				256,005,517
New financial assets originated			6,450,063,254				247,615,076				15,514,068				2,595,079				166,412				6,715,953,889
Repayments			(5,751,165,645	)			(175,700,073	)			(12,801,962	)			(3,536,733	)			(287,046	)			(5,943,491,459	)
Write-offs			—				609				—				(8,943,339	)			(3,680,829	)			(12,623,559	)
Foreign exchange			19,679,472				3,862,987				1,467,659				3,309				490,541				25,503,968
Inflation adjustment			(908,619,869	)			(156,005,021	)			(4,893,932	)			(6,888,934	)			(1,527,773	)			(1,077,935,529	)
Closing balance as of December 31, 2022			1,424,639,420				248,316,289				4,427,687				11,029,620				1,551,172				1,689,964,188

(1) Refer to Note 35 for credit risk exposure of financial assets with stage allocation by asset classification.

December 31, 2021

CREDIT RISK EXPOSURE - FINANCIAL ASSETS (1)		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2020			1,400,280,463				212,843,659				12,500,693				8,640,687				7,343,836				1,641,609,338
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(203,614,089	)			203,975,314				—				—				—				361,225
Transfers from Stage 2 to Stage 1			155,051,862				(147,379,828	)			(5,286,227	)			—				—				2,385,807
Transfers from Stage 1 or 2 to Stage 3			(3,238,122	)			(25,782,961	)			(438,703	)			29,198,578				447,409				186,201
Transfers from Stage 3 to Stage 1 or 2			463,463				82,293,072				24,887				(77,948,859	)			(299,173	)			4,533,390
Changes without transfers between Stages			109,073,724				(58,353,768	)			11,395,731				111,675,704				759,898				174,551,289
New financial assets originated			6,324,679,419				215,048,407				7,917,200				1,358,592				1,260,284				6,550,263,902
Repayments			(5,769,228,913	)			(167,131,831	)			(12,674,671	)			(44,462,014	)			(1,270,635	)			(5,994,768,064	)
Write-offs			—				534				—				(10,281,400	)			(117,246	)			(10,398,112	)
Foreign exchange			8,782,029				4,558,975				1,520,226				3,243				394,199				15,258,672
Inflation adjustment			(566,346,992	)			(85,790,085	)			(5,070,219	)			(5,350,274	)			(2,612,305	)			(665,169,875	)
Closing balance as of December 31, 2021			1,455,902,844				234,281,488				9,888,917				12,834,257				5,906,267				1,718,813,773

(1) Refer to Note 35 for credit risk exposure of financial assets with stage allocation by asset classification.

December 31, 2022

CREDIT RISK EXPOSURE - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2021			160,736,610				12,408,071				189,705				75,399				76				173,409,861
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(40,201,731	)			37,998,034				—				—				—				(2,203,697	)
Transfers from Stage 2 to Stage 1			30,575,846				(26,014,532	)			(314	)			—				—				4,561,000
Transfers from Stage 1 or 2 to Stage 3			(233,694	)			(158,718	)			(1,596	)			188,881				3,056				(202,071	)
Transfers from Stage 3 to Stage 1 or 2			65,747				50,220				237				(131,646	)			(7,107	)			(22,549	)
Changes without transfers between Stages			89,549,938				3,946,025				(27,021	)			10,312				6,035				93,485,289
New loan commitments and financial guarantees originated			111,344,215				4,702,307				12,276				24,162				—				116,082,960
Expirations and repayments			(58,819,804	)			(5,520,080	)			(48,435	)			(56,659	)			—				(64,444,978	)
Write-offs			—				—				—				(120	)			—				(120	)
Foreign exchange			9,370,331				482,435				—				—				—				9,852,766
Inflation adjustment			(107,485,081	)			(9,546,505	)			(63,250	)			(43,384	)			(1,903	)			(117,140,123	)
Closing balance as of December 31, 2022			194,902,377				18,347,257				61,602				66,945				157				213,378,338

December 31, 2021

CREDIT RISK EXPOSURE - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2020			169,423,558				14,094,794				300,114				24,869				1,453				183,844,788
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(33,218,798	)			29,113,031				—				—				—				(4,105,767	)
Transfers from Stage 2 to Stage 1			32,338,986				(29,054,139	)			(287,351	)			—				—				2,997,496
Transfers from Stage 1 or 2 to Stage 3			(209,292	)			(197,109	)			(1,860	)			283,307				—				(124,954	)
Transfers from Stage 3 to Stage 1 or 2			87,526				94,915				—				(169,462	)			—				12,979
Changes without transfers between Stages			18,915,074				5,354,194				564,881				(7,519	)			(1,099	)			24,825,531
New loan commitments and financial guarantees originated			182,751,355				3,483,767				298,834				25,232				—				186,559,188
Expirations and repayments			(149,716,767	)			(5,055,286	)			(536,092	)			(57,596	)			—				(155,365,741	)
Write-offs			—				—				—				(275	)			—				(275	)
Foreign exchange			2,508,711				219,286				68,417				—				—				2,796,414
Inflation adjustment			(62,143,743	)			(5,645,382	)			(217,238	)			(23,157	)			(278	)			(68,029,798	)
Closing balance as of December 31, 2021			160,736,610				12,408,071				189,705				75,399				76				173,409,861

December 31, 2022

ALLOWANCES - FINANCIAL ASSETS		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2021			6,397,541				23,554,329				1,170,706				10,141,888				5,419,328				46,683,792
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(3,185,129	)			12,661,601				92				—				—				9,476,564
Transfers from Stage 2 to Stage 1			1,464,053				(6,344,709	)			(10,025	)			—				—				(4,890,681	)
Transfers from Stage 1 or 2 to Stage 3			(180,031	)			(4,798,999	)			(160,356	)			10,860,174				168,872				5,889,660
Transfers from Stage 3 to Stage 1 or 2			35,126				162,508				131,738				(2,123,740	)			(131,816	)			(1,926,184	)
Changes without transfers between Stages			1,440,920				(2,433,358	)			(866,472	)			4,442,614				248,182				2,831,886
New financial assets originated			24,829,685				17,467,913				876,569				1,513,471				105,952				44,793,590
Repayments			(19,311,837	)			(2,805,618	)			(773,928	)			(2,448,519	)			(146,605	)			(25,486,507	)
Write-offs			—				(81	)			—				(7,982,349	)			(3,643,858	)			(11,626,288	)
Foreign exchange			202,373				123,341				57,407				1,894				353,891				738,906
Inflation adjustment			(4,859,760	)			(13,513,099	)			(305,512	)			(5,357,450	)			(1,255,918	)			(25,291,739	)
Closing balance as of December 31, 2022 (1)			6,832,941				24,073,828				120,219				9,047,983				1,118,028				41,192,999

(1) Impairment of financial assets detailed in the table above includes allowances on financial assets at FVOCI for 12,944,993.

December 31, 2021

ALLOWANCES - FINANCIAL ASSETS		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2020			21,002,993				23,850,167				1,177,996				7,234,337				4,581,497				57,846,990
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(7,462,820	)			22,419,053				—				—				—				14,956,233
Transfers from Stage 2 to Stage 1			4,053,685				(14,518,091	)			(508,955	)			—				—				(10,973,361	)
Transfers from Stage 1 or 2 to Stage 3			(281,474	)			(8,180,064	)			(71,904	)			17,855,207				111,365				9,433,130
Transfers from Stage 3 to Stage 1 or 2			34,734				143,076				15,848				(2,658,626	)			(153,131	)			(2,618,099	)
Changes without transfers between Stages			(11,117,150	)			8,850,415				1,138,133				2,663,622				2,589,691				4,124,711
New financial assets originated			21,755,487				3,843,693				794,838				1,004,665				677,017				28,075,700
Repayments			(15,800,149	)			(3,497,195	)			(1,037,751	)			(2,629,232	)			(731,505	)			(23,695,832	)
Write-offs			—				(8	)			—				(8,676,418	)			(100,503	)			(8,776,929	)
Foreign exchange			251,963				240,912				120,306				1,722				234,652				849,555
Inflation adjustment			(6,039,728	)			(9,597,629	)			(457,805	)			(4,653,389	)			(1,789,755	)			(22,538,306	)
Closing balance as of December 31, 2021 (1)			6,397,541				23,554,329				1,170,706				10,141,888				5,419,328				46,683,792

(1) Impairment of financial assets detailed in the table above includes allowances on financial assets at FVOCI for 13,711,200.

December 31, 2022

ALLOWANCES - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2021			1,030,995				522,532				61,915				47,415				—				1,662,857
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(392,221	)			1,700,323				—				—				—				1,308,102
Transfers from Stage 2 to Stage 1			276,160				(1,097,184	)			(268	)			—				—				(821,292	)
Transfers from Stage 1 or 2 to Stage 3			(10,831	)			(26,366	)			(2,437	)			102,977				7,301				70,644
Transfers from Stage 3 to Stage 1 or 2			13,288				6,470				748				(95,114	)			(17,851	)			(92,459	)
Changes without transfers between Stages			316,014				146,048				(32,171	)			42,161				12,613				484,665
New loan commitments and financial guarantees originated			1,479,405				97,439				2,474				14,504				—				1,593,822
Repayments			(387,944	)			(142,946	)			(16,288	)			(32,937	)			—				(580,115	)
Write-offs			—				—				—				(104	)			—				(104	)
Foreign exchange			79,312				2,238				—				—				—				81,550
Inflation adjustment			(646,673	)			(326,061	)			(9,671	)			(29,108	)			(1,959	)			(1,013,472	)
Closing balance as of December 31, 2022			1,757,505				882,493				4,302				49,794				104				2,694,198

December 31, 2021

ALLOWANCES - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2020			2,881,944				1,057,407				47,368				21,692				3,820				4,012,231
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(768,373	)			2,334,030				—				—				—				1,565,657
Transfers from Stage 2 to Stage 1			582,800				(2,068,077	)			(48,901	)			—				—				(1,534,178	)
Transfers from Stage 1 or 2 to Stage 3			(6,064	)			(36,999	)			(35	)			194,172				17,074				168,148
Transfers from Stage 3 to Stage 1 or 2			2,291				5,967				—				(126,855	)			—				(118,597	)
Changes without transfers between Stages			(2,187,527	)			(308,095	)			75,189				(2,558	)			(20,454	)			(2,443,445	)
New loan commitments and financial guarantees originated			4,664,340				194,795				45,556				16,887				—				4,921,578
Repayments			(3,247,528	)			(270,671	)			(38,988	)			(38,427	)			—				(3,595,614	)
Write-offs			—				—				—				(243	)			—				(243	)
Foreign exchange			58,163				10,963				5,351				—				—				74,477
Inflation adjustment			(949,051	)			(396,788	)			(23,625	)			(17,253	)			(440	)			(1,387,157	)
Closing balance as of December 31, 2021			1,030,995				522,532				61,915				47,415				—				1,662,857

X

- Definition

The disclosure of credit risk. [Refer: Credit risk [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2022-03-24
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2022-03-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2022-03-24
-Section Credit risk
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS07_g35A-38__IFRS07_g35A-38_TI
-URIDate 2022-03-24

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X

- References

No definition available.

+ Details

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